GBPUSD Daily Forecast: January 13

GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.2316 but whipsawed to the downside and closed lower at 1.2157. The bias is bearish in nearest term testing 1.2100 – 1.2080 but key support remains at 1.2000 psychological level which is a good place to buy. Immediate resistance is seen around 1.2200. A clear break above that area could lead price to neutral zone in nearest term testing 1.2250 – 1.2300 region.